Analysts forecast that Empire State Realty Trust Inc (NYSE:ESRT) will announce earnings per share (EPS) of $0.18 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Empire State Realty Trust’s earnings, with estimates ranging from $0.18 to $0.19. Empire State Realty Trust reported earnings of $0.20 per share in the same quarter last year, which indicates a negative year over year growth rate of 10%. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, April 24th.
According to Zacks, analysts expect that Empire State Realty Trust will report full year earnings of $0.90 per share for the current fiscal year, with EPS estimates ranging from $0.88 to $0.91. For the next financial year, analysts anticipate that the firm will post earnings of $0.94 per share, with EPS estimates ranging from $0.93 to $0.95. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Empire State Realty Trust.
Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. The business had revenue of $123.26 million during the quarter, compared to the consensus estimate of $123.75 million. Empire State Realty Trust had a net margin of 10.86% and a return on equity of 4.01%. The company’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 earnings per share.
A number of hedge funds and other institutional investors have recently made changes to their positions in ESRT. Pearl River Capital LLC purchased a new stake in Empire State Realty Trust during the 4th quarter valued at about $25,000. Quantamental Technologies LLC purchased a new stake in shares of Empire State Realty Trust in the 4th quarter valued at approximately $42,000. First Hawaiian Bank purchased a new stake in shares of Empire State Realty Trust in the 4th quarter valued at approximately $102,000. Advisor Group Inc. grew its stake in shares of Empire State Realty Trust by 6.1% in the 4th quarter. Advisor Group Inc. now owns 12,547 shares of the real estate investment trust’s stock valued at $179,000 after buying an additional 722 shares during the period. Finally, First Mercantile Trust Co. grew its stake in shares of Empire State Realty Trust by 4.7% in the 4th quarter. First Mercantile Trust Co. now owns 15,194 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 680 shares during the period. 75.73% of the stock is owned by institutional investors.
Shares of Empire State Realty Trust stock opened at $15.78 on Tuesday. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 6.25 and a beta of 0.93. Empire State Realty Trust has a fifty-two week low of $13.66 and a fifty-two week high of $17.86. The company has a debt-to-equity ratio of 0.96, a current ratio of 6.90 and a quick ratio of 6.90.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.105 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.42 annualized dividend and a yield of 2.66%. Empire State Realty Trust’s dividend payout ratio is presently 42.86%.
About Empire State Realty Trust
Empire State Realty Trust, Inc (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world's most famous building.
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